Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Namdeo Narayan Khamitkar
- Designation: Non Executive and Independent Director
- Reason for Resignation: Age and health reasons.
- Effective Date of Resignation: October 03, 2026 (with effect from closure of business hours)
- Date of Resignation Letter: September 28, 2026
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: The Board of Directors and the Management of the Company would like to place on record the sincere appreciation for the contributions made by Mr. Namdeo Narayan Khamitkar during his association with the Company as Independent Director.
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 read with Para A of Part A of Schedule Ill of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), read with Master Circular No. HO/49/14/14(7)2025CFDPOD2/1/3762/2026 dated January 30, 2026.
- Delay in Disclosure: Not Specified
Analytical Add-On: The resignation appears routine and personal (age/health), not linked to performance or governance issues. It affects board composition and committee oversight, requiring new independent director appointments. Mr. Khamitkar confirmed no other material reasons exist for his resignation.
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Not Specified
- Successor Appointments: Not Specified
Section C – Financial & Governance Disclosures
Not Specified